Kyra Sedgwick on Madoff Scam: "It Was Hideous"

Swindled star says Bernie should've been caught earlier

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The Quinnipiac Chronicle has said that actor Kevin Bacon and his wife, actress Kyra Sedgwick, own a $1 million colonial house in Sharon.

Updated at 11:15 AM EST on Monday, Aug 10, 2009

The feds should have busted Bernie Madoff long before he turned himself in, fumed Kyra Sedgwick, who along with hubby Kevin Bacon has the misfortune of being among the highest-profile victims of the Ponzi schemer.

"The fact that someone blew the whistle on Madoff three times and nobody did anything about it? It was hideous," Sedgwick told the Ladies Home Journal.

Bernard Madoff & His Victims

She declined to say how much money the couple lost.

"But I think the economy has forced a lot of people to look inward and go, 'What really fulfills me so I don't have to go our and buy?" she told the magazine. "Getting back to simple pleasures is a good thing."

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The couple joins a number of Hollywood victims who lost fortunes in Madoff's billion-dollar Ponzi scheme. Actor Kevin Bacon said last January he and Kyra would soldier through the rocky financial times and try to pick up the pieces.

"There are a lot of things I'm grateful for: My health, my family, my career, my family's health," he said to Life & Style magazine in January. "We'll march on. We have to. There's nothing you can do about it."

Bacon said he was stunned to discover that he had been scammed out of the money he and his wife invested with Madoff.

"I didn't see it coming," he said. "I don't have anything lined up right now, but I need to work, for obvious reasons."

Sedwick stars in "The Closer" which pulls in a reported $300,000 per episode.